Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
Take a drive around the north and northwest suburbs like I did several weeks ago. It seems that every office building has a ‘Space Available’ sign in front and half of all buildings have a “For Sale”. The North and Northwest suburban markets have eye-poping vacancy rates that are not getting better, and only seem to be getting worse. Higher taxes aren’t going to put more businesses in the buildings – its only going to drive businesses into the surrounding counties or even out of IL entirely. But that is the goal. That’s what Equity means. Everywhere can look as… Read more »